Cathay Pacific Airways Ltd. Chief Executive Officer Ivan Chu said the devaluation of the yuan and an economic slowdown won’t hurt demand in Greater China, where the airline gets half its revenue. Traffic growth in the region in the first half was in “double digits,” a reflection of a strong yuan against world currencies, Chu said in an interview Wednesday with Bloomberg Television’s Francine Lacqua from Hong Kong, where Cathay is based. The airline is still filling most of its seats, but Chu said he is concerned about cargo, especially fewer goods coming out of China for exports. “The renminbi has been rising for the last five years, it has been a one-way bet,” said Chu, 53. “Some adjustments, some growth slowing down from 10 percent to 7 percent is not a huge deal. So any economy when it’s growing so fast, you have some correction. So I do […]